City Creek Named Best Mall in the Americas

SALT LAKE CITY — Salt Lake City's newest shopping mecca is receiving
international acclaim. City Creek Center has been named Best Retail
Development by the International Property Awards for 2012.

City Creek Center, owned and managed by Michigan-based Taubman
and co-developed with Utah-based City Creek Reserve Inc., won in the
Americas region, which includes the U.S., Canada, Central and South
America, and the Caribbean. The center also placed in the top three in
the World's Best Retail Development category.

"City Creek Center broke new ground, from sustainable design and
community collaboration to breathtaking features and amenities," said
Ron Loch, vice president of planning and design for Taubman. "It's
exciting to be recognized by this esteemed group as the best retail
project in the Americas region in 2012."

Anchored by Macy's and Nordstrom, the shopping center includes
more than 100 stores and restaurants in a casual, walkable environment.
The development is on track to attract 16.2 million visitors in its
first year of operation.

"City Creek's unique retail center has enlivened the surrounding
blocks,” said Bill Williams, lead architect for City Creek Reserve Inc.
“It is attracting new residents and drawing locals and tourists downtown
again."

Constructed for an estimated cost of more than $1 billion, the center
anchors a sustainably designed urban community that features a
700,000-square-foot shopping center with a retractable roof, a creek, a
pedestrian skybridge and choreographed fountains.

“City Creek Center is a world-class experience in the heart of
downtown Salt Lake City," said general manager Linda Wardell. "People
have recognized this, and downtown Salt Lake City is more vibrant than
ever."

Established 18 years ago, the International Property Awards
recognize achievement in residential and commercial property development
worldwide, including Africa, Europe, Arabia, Asia Pacific, the United
Kingdom and the Americas.

Judging is carried out by a panel of more than 80 experts
covering every aspect of the property business. The competition included
more than 2,000 entries from 89 countries in categories such as retail,
residential, office and mixed-use properties, among others.